First tanker with oil from Iran was sent to Poland

A large tanker with Iranian oil was sent to the sea port of Gdansk, located on the Baltic Sea in Poland.

It is not clear whether the Iranian oil will remain in Poland for further processing at the company PKN Orlen and Grupa Lotos, or it will be transported to Germany through the pipeline.

Iran’s arrival to the Baltic region significantly increase competition between Tehran, Moscow, and Riyadh for the European market share. We recall that in September last year, Poland, which traditionally uses Russian raw materials, bought the first batch of crude oil from Saudi Arabia, which was also delivered to Gdansk. The head of Rosneft Igor Sechin said that the cost of Saudi oil was lower than of Russian Urals oil.

After learning about coming of Saudi Arabia on the oil market in Poland, Igor Sechin said that the Saudis use active dumping on “traditional Russian markets.” The head of Rosneft forgot to mention that the reason for the Saudi expansion in Europe was a significant increase in deliveries of Russian oil to China, which Riyadh considered its main market.